Hydroponics Technologies Market Scope
The cultivation of plants without the use of soil is known as hydroponics. Hydroponic flowers, herbs, and vegetables are grown in inert media and fed nutrient-rich solutions, oxygen, and water. This system promotes rapid growth, higher yields, and higher quality. When a plant is grown in soil, its roots are constantly looking for nutrition to sustain the plant. When a plant's root system is directly exposed to water and nutrition, the plant does not have to expend any energy to sustain itself. The energy spent by the roots acquiring food and water can be redirected into the plant's maturation. As a result, leaf growth and fruit and flower blooming flourish. Hydroponic systems function by allowing precise control over environmental conditions such as temperature and pH balance, as well as increased exposure to nutrients and water. Hydroponics works on a very simple principle: give plants what they need when they need it. Hydroponics uses nutrient solutions that are tailored to the needs of the plant being grown. They enable you to precisely control how much light the plants receive and for how long. The pH level can be measured and adjusted. Plant growth accelerates in a highly customized and controlled environment.
Attributes | Details |
---|
Study Period | 2016-2026 |
Base Year | 2020 |
Unit | Value (USD Million) |
Key Companies Profiled | Argus Control Systems (Canada), Heliospectra AB (Sweden), Scotts Miracle Gro (United States), American Hydroponics (United States), LumiGrow (United States), Emerald Harvest (United States), Hydroponic Systems International (Spain), Advanced Nutrients (Canada), Vitalink (United Kingdom) and Logiqs B.V (Netherlands) |
CAGR | % |
Market players are focusing on providing Hydroponics Technologies with higher quality along with complying with all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified Hydroponics Technologies. The market is fragmented owing to the presence of several international and domestic providers. The focus is on improving sustainable farming and generating better yields. Besides, the numerous industry profitability has led to the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Hydroponics Technologies market throughout the predicted period.
Argus Control Systems (Canada), Heliospectra AB (Sweden), Scotts Miracle Gro (United States), American Hydroponics (United States), LumiGrow (United States), Emerald Harvest (United States), Hydroponic Systems International (Spain), Advanced Nutrients (Canada), Vitalink (United Kingdom) and Logiqs B.V (Netherlands) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Grobo (United States), American Hydroponics (United States)., AgriCool (France), Bowery Farming (United States), Freight Farms (United States), AeroFarms (United States), GP Solutions (United States), Crop One Holdings, Inc. (United States), One. (United States), Altius Farms, Inc. (United States), Mirai (Japan), HTG (United States), Spread (Japan), Back to the Roots (United States), Zero Carbon Food (United Kingdom), AeroGarden Harvest (United States) and Urban Cultivator (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Hydroponics Technologies market by Type and Region with country level break-up.
On the basis of geography, the market of Hydroponics Technologies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2020.
Market Leaders and their expansionary development strategies
The Scotts Miracle-Gro Company, the world’s leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, announced in January 2022 that it has acquired Luxx Lighting in a transaction that significantly strengthens The Hawthorne Gardening Company’s industry-leading lighting portfolio. The Company also said it has acquired True Liberty Bags, the industry’s leading provider of liners and storage solutions to dry and cure plant products.
The Hawthorne Gardening Company, a wholly-owned subsidiary of The Scotts Miracle-Gro Company, announced in December 2021 the securing of multiple patents related to the design and functionality of the Gavita CT 1930e LED light. The Gavita CT 1930e includes innovative state-of-the-art technology that is covered by various U.S. and international design and utility patents and patent applications, positioning the product’s optics, design, and unique construction among industry leaders. The novel technology package of the Gavita CT 1930e brings unique benefits to growers of all sizes and a new level of performance for LED fixtures.
OFPA (1990) 6513. Organic plan - (b) (1): “Soil fertility - An organic plan shall contain provisions designed to foster soil fertility, primarily through the management of the organic content of the soil through proper tillage, crop rotation, and manuring.
Hydroponics Technologies Market Dynamics:
Attributes | Details |
---|
Trends Influencing Market | - Climate Control and Sustainable Method Adoptions in Farming Industry.
|
Key Restraints | - Higher Capital Investment Requirement.
|
Challenges | - Farmers Being Less Knowledgeable About Alternative Farming Methods and Market.
|
Market Opportunities | - The Growing Population will be leading to More Demand for Food Production Will Be Bringing Opportunities for Alternative Farming Methods.
|
Key Target Audience
Commercial insurance providers., Health insurance providers., Health care service providers, New Entrants and Investors, Legalized Cannabis Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others